AT A GLANCE: NLMK Q3 sales down by 4% due to steel output reduction

A summary of the operational results for Russia’s largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States, for the third quarter (July-September) of 2021

In brief • In the third quarter, NLMK’s consolidated sales decreased by 4% compared with the second quarter, to 4.1 million tonnes amid steel output reductions at its Russian flat steel division. • The group’s steel output decreased by 15% quarter on quarter to 3.9 million tonnes due to an incident in August in the steel production oxygen supply infrastructure and subsequent repair works at the Russia flat steel division's main site in Lipetsk. Operational results by division • Crude steel output of the group’s Russia flat steel product segment decreased by 19% quarter on quarter to 2.9 million tonnes due to the incident in the steelmaking infrastructure in August. As a result, the segment’s sales dropped...

Published

Vlada Novokreshchenova

October 26, 2021

16:16 GMT

Dnipro